The Bank of England raised its rates by another half per cent today, as it warned that inflation will peak at 13 per cent by the end of this year. The question about the Bank of England's effectiveness arises again – should it have foreseen the inflationary crisis we are in now, and done more about it? Liz Truss has pledged to review the Bank's mandate. Cindy Yu talks to James Forsyth and Katy Balls.
Produced by Cindy Yu.